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out of washington from the fiscal cliff negotiations. at the closing bell the dow was up 36 points. green arrows across the board. >>> shares of zumiez wiped out after the bell. the company's third quarter profit fell 10%. zumiez blamed the short fall on weak sales in europe. earnings for the action sports retailer missed profits estimates by seven cents. revenue also fell short of forecast at 180 million bucks. >>> but investors in late trading are snapping up shares of specialty value retailer five below. earnings per share topping estimates by two pennies a share, and revenue better than expected at $86.8 million. that is the latest from the fox business network, giving you the power to prosper david: we have breaking news coming out of groupon. there have been some questions whether their ceo would remain. well, they had a board meeting. it has concluded and we're getting word that andrew mason, the groupon ceo, will remain as head of that company. liz: stock's been down of course. a lot of concern but he survives! mason survives. >>> the commercial real estate market is buildi
washington needs to resolve this fiscal cliff issue if they don't want consumers to stop their spending ways. >> let me start with what's going on in washington. we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes g
after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains a little bit of why we
for the markets. fiscal cliff talks in washington sending investors on a roller coaster ride. jobs report next week is going to be a key focus. how should you position yourself? get ready for the trader triple play. >>> as we head out, the biggest gainers on the new york stock exchange right now. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. >>> everyone's trying to figure out what the next candidate is for a special dividend. credit suisse had an interesting note and metric for how to look at it. two stocks in particular, one criteria is insider ownership. morningstar has a 56% insider ownership. bok financial which is a regional bank in the southwest, 62.5%. bokf has a 3% dividend. >> brian, thank you. >>> it was
with the president to come to an agreement to avert the so-called fiscal cliff. >> as both sides in washington try to hammer out agreements on taxes and fiscal spending, they get the full media treatment as the press try to pin the blame on the g.o.p. is it working? details next on news watch. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. . >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that's fair and balanced. and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks.
solution to avoid the fiscal cliff. take a look at an abc news washington post poll that shows 60% of americans support upper income americans having their taxes raised. 37% oppose it. on issue of reducing deductions, 44% support that. 49% oppose it. much like lawmakers they realize there is a big problem that needs to be fixed but divided on how to fix it. >> in addition to the goings on in the capitol there is a big lunch at the white house today. governor romney coming by for a bite to eat. a lot of speculation about what might be discussed at the meal and the possibility of maybe future job? >> jay carney pushed back on that yesterday. the president said there was no suggestion here that he had a special assignment for him. the president invited mitt romney to come to the white house because he wanted to talk about moving the country forward. the president pointed out that out there on the campaign trail mitt romney had good ideas. he wanted to talk to him about that. not necessarily partisan ideas but ideas like job creation for the middle class. the president pointed to mitt
rather childish about the fiscal cliff, this is not child's play. u days left and susan rice facing new skrcrutiny today fro democrats. this time about her personal investments and the number of drones has surged. the newest versions though, pretty incredible. they look like a cheetah and a fish. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, a washington stop playing battleship. yes. battleship. we went out and bought it because we wanted to remind you, the kids game where the goal is, i'll read it, can you sink your opponent's fleet before your opponent sinks yours? pretty perfect. this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we hearing? as jef
-called fiscal cliff. >> as both sides in washington try to hammer out agreements on taxes and fiscal spending, they get the full media treatment as the press try to pin the blame on the g.o.p. is it working? details next on news watch. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that's fair and b
. >>> deal or no deal. we're on the edge of our seats. washington, the fiscal cliff suspense is killing us. 29 days in counting until our taxes go up and across the board spending cuts. we still don't know any of the details. instead we're getting lots of mixed messages as to what exactly is going to happen, where things stand. >> there has been progress. >> right now i would say we're nowhere. >> i'm increasingly pessimistic. >> so tonight, two men who have lots of experience dealing with lawmakers. paul begala, david frum, former adviser to president george w. bush. gentlemen, nice to have you both. david, let's start with you. depending on who you listen to, it's either going great or not going well at all. they're either optimistic or completely pessimistic. which is it? >> i feel about this whole process as a basketball nonfan, i feel about basketball, which is start it 100-100 and play for five minutes to get it over with. but i think we also need to take a step back and realize just how lunatic this whole process is. what the united states does not need right now is either spending
actually be the fiscally smart move? a deep dive into what a cliff dive means for washington and millions of american families. but first, a look ahead at the president's schedule today. a public speech today at the threat reduction symposium. some interesting remarks about dick lugar, i'm sure. also more about nuclear proliferation. perhaps iran. should be interesting, an interesting speech to watch and read. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars by december 22nd to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has neve
today, you know, what's going on in washington and, you know, with this fiscal cliff and, you know, what the impact will be of it. >> well, it's an important point. how is the project funded? where did you source the funding for the development? >> that's one of today's challenges. you don't get to the same costs you would typically get them. it requires more equity and piecing together the banks to put together a loan of the size needed for this. probably our greatest challenge would be -- because we're looking to build. this is only 1,700,000 square feet, in the first phase 6 1/2 million, where's the rest of the capacity to come from for the construction loans that we need? >> the banks were the first source? >> yeah. >> and we're looking at other sources going forward that are kind of unconventional. you have to think outside the box. >> oh, definitely. >> in order to do a job like this today. >> what kind of unconventional sources? >> well, you have a lot of these public reits, you know, that are looking for greater yields, so it's the whole period, i don't know how you do constructi
for joining us, congressman. what gives? what gives? tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they are going to have if tomorrow. i listened to a previous guest, the people, the small business people in my community, 97 per science -- percent to not make $250,000 a year personal salaries so they are not affected by the top 2 percent. having said that, they want people to get back to work. people to have jobs to have incomes to buy from the small business people. blue are small or large you want to know which, how are the laws going to be, what are the tax lie bills going to be, and this congress owes it to the american people to tell them. >>eric: congressman, america has always been about hard working people earning, creating jobs, creating opportunity, passing a better life on to the next generation, to their kids, i don't know, at some point maybe yo
sector. investors will be watching those fiscal cliff negotiations in washington today. plus, we will get reports on u.s. auto sales. manufacturing and construction spending. big news this week, of course, the november jobs report for the government, that will come out on friday. soledad, back to you. >> alina, thank you. the story that's going to affect all of our wallets, our retirement, our benefits, the economy, if, in fact, we do go over the fiscal cliff, taxes will go up, major spending cuts will kick in. this weekend republican south carolina congressman seth graham said he thinks that we're going to go off the fiscal cliff in fact and he said this, i think we're going to go over the cliff, it seems to me that they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. senator richard blumenthal is a democrat from the state of connecticut. he joins us this morning. >> good to see you. >> you heard lindsey graham saying he thinks we're going off the cliff. you think that
/orc poll taken a few weeks ago, 67% said washington officials would behave like spoiled children in fiscal cliff discussions. only 28% said they would behave like responsible adults. with that in mind, here's what the key players, the grownups, have said in just the past 24 hours. listen. >> the math, it doesn't work. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work with. >> we're not going to twist ourselves into contortions to appease a vocal minority. >> what i'm not going to do is to agree to a plan in which we have some revenue that is vague. >> republicans have proven to be willing to be held accountable. democrats have not. >> we look forward to working with the president when he decides to get serious. >> we're looking for solutions and it doesn't seem at least from the president's proposal that he is at all serious about finding the solution. >> his last two budgets, so unserious. >> what is this man talking about? mr. speaker, what the heck are you talking about? >> not only is there no sign of progress
out of washington is pretty pessimistic today about getting any kind of deal averting the fiscal cliff. we're hearing from folks on the hill there are no -- there are no private, you know, mat matchinations or talks. it is up about eight points around the 13,000 level. keep in mind the date is december 4th, 2012. if we go off this cliff, how much do you think the dow will lose. conman price, can you slap a number on that? >> no, no way to do that. what i do know -- >> how worried are folks on wall street? >> well, i think they're very worried. when i talked to folks out there trying to create jobs and find some certainty in the market so they can expand their businesses and create jobs, what they say is that all of this uncertainty hurts and so that's why we're so -- i'm confounded by an administration and president who seemingly isn't interested in providing that certainty. that's what we need to work on. that's what the negotiation process ought to be bringing us. certainty in the tax code, certainty in regulatory policy, all the kinds of things that are harming job creation right no
and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they were quite happy. they said it isn't every day that the president comes by and hangs out at your house. the message the president was trying to drive home today was aimed directly at congress and using this backdrop to tell a personal story. >> for them to be burdene
. the fiscal cliff, by the way, whatever comes out of washington at the end of the month or the beginning of the first quarter, whenever it is, it's an austerity plan. it's not a growth plan. they're cutting back. they're not adding at this point. what else? there are other things going on that could put a crimp on the markets. >> layoffs. >> it's the first year of a new presidential cycle, which traditionally is the worst year for the stock market in the four-year cycle. take that, mr. bull. >> all right. >> go ahead. >> a lot of cycle stuff doesn't work, right? the past performance is not indicative of future results. that's the first thing i'll say. number two, in terms of the whole fiscal cliff situation, what's going to end up happening is we need to better match revenues and expenses. we're running a business in america. corporate america, consumer america. now it's the government's turn. not a matter of if but when something gets done. whether it's some arbitrary dade of december 31st or they kick the can down the road to february or may 14th or whatever, they'll get the deal done.
to a commercial break. we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. >>> this week, we made a good faith offer to avert the fiscal crisis. now, we nee
we hit the fiscal cliff that everyone is talking about and in public the democrats and the republicans still say they are nowhere close to getting anything done. almost? the latest offer and rejections in washington and protests broke through the barbed wire at presidential palace in the country that is supposed to keep israel and the palestinians from going to war? an update ahead. we have just gotten remainly word of a possible short list of cabinet members for the president. who do you think for defense secretary? someone from the left or the right? the news that broke seconds ago may surprise you. that is ahead. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-255
's go to washington. john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white house took three weeks to respond with any kind of a proposal, and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. it's far better for the economy when the american people paver on that approach by 2-1. they favor it eep more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the l
washington the count reap is about to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and
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drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. in a triple action formula to relieve your tough migraines. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> in raw politics, with
that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they don't realize it yet. [laughter] good to see you. >> thank you. david: well, is now the time to buy apple? a morningstar senior equity analyst thinks so and says some of the blame for the recent decline should fall on washington. why? find out why, coming next. liz: plus, choice hotels expanding its upscale brand right here in america. they must believe that there's a real market here. find out why they're starting three brand new upscale ones at least here in new york. steve joyce, choice hotels ceo and president, joining us after the break. ♪ music is a universal language. but when i was in an accident... i was worried the hea
the fiscal cliff deadline. and while the deal will actually be made in washington, politicians are taking their message on the road and straight to the voters. cnn political editor paul steinhouser has more. >> good morning. the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're
, wall street watching washington hoping we don't fall off the fiscal cliff. the fear we might could mean a fall in your savings. this, even though december is a month you usually see gains, often more than okay for your 401(k), the s&p 500 a big part of many retirement accounts, has gone up 16 in the past 20 years during this month. but now, investors are scared a plunge over the cliff could send the economy falling back into recession. those worries sent stocks falling. the s & p down two straight weeks after the election, even though it has made up four of the 5.3% loss, whenever there was a glimmer of a hope of a deal, headed up. and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on friday. the cliff will likely ov
like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now, dana bash, jessica yellin, and david gergen. what's the latest? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates.
this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the
. >> there you go. it's my fiscal cliff helmet down here in washington. >> oh, understood. >> i love it. let's go through the list. not surprising who is number one? >> a re-elected barack obama back at number one. two years ago we had hu jintao so it is not automatic the president is at the top but with a kind of mini mandate, four more years and the defacto leader of the free world it is a pretty easy selection of number one. >> angela merkel number two. easy to understand. >> europe goes through germany and germany goes through merkel. >> let's talk about vladimir putin coming in at number three. >> yes. he has been on the list even when he wasn't president because we all know who was still running the show then. he's back up there with a bullet. he's been as high as two on this list. here is somebody who has a u.n. security council permanency, controls a huge oil and gas reserve, has a nuclear tipped army and wields his power very effectively. >> and loves to show his muscles. many times as possible. >> powerful in many ways. that's right. >> of late bill gates has been the rodney dangerfield
the fiscal cliff, if you listen to the rhetoric, the politicians have a lot to learn about rising above. both sides pinning the need to blink on the other. it is the "you go first" kind of debate. our chief washington correspondent john harwood is here with the very latest on the negotiations, such as there are negotiations, job. >> reporter: tyler, people say it is sometimes darkest just before the dawn -- unless it is just before it goes pitch black. it is sometimes hard to tell the difference between a process that's proceeding behind the scenes and one that really is what you see is what you get. i just stepped out of jay carney's white house briefing. he was drawing again a hard line on raising tax rates for people at the top which republicans are resisting. if you want the sunday talk shows, as we show in this little montage here, you could easily come to the conclusion that this thing is stuck. >> only thing standing in the way of that would be refusal by republicans to accept that rates are going to have to go up on the wealthiest americans. i don't really see them doing that. >> i th
the fiscal cliff. have we hit the end of the road on a compromise? we're live in washington next. david: also, after retiring from blackrock, one of the most legendary investors is back at work. bob doll is here to join us, find out why he thinks we're going to get a deal on the fiscal cliff and why the tax increases and the cuts in the government won't be as severe as a lot of people are fearing. >> sounds optimistic. and a new report showing more small businesses are putting a for sale sign on their doors. who's selling, who's buying, and why? it's the internet's largestsell, marketplace for buying and selling small businesses. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a
fiscal cliff are now gone. >>shepard: are we supposed to believe all the sources who tell us that there is real progress behind-the-scenes or not? >>reporter: depends who you listen to. the republican leader in the united states senate, mcconnell said geithner's visit was a step backward. sources say he was talking about raising taxes $1.6 trillion and they say that is not reality. that is not going to pass the senate or the house >>shepard: the syrian government that is killing its people by the tens of thousands has shut down the internet across the country according to two u.s. based internet monitoring companies. activists confirm the blackout to the associated press and the syrian government claims we didn't do it, no, the terrorists shut down the intent. fighting an the main syrian airport near damascus sparked airlines to top flights into the syrian capital. activists reported the syrian civil war has led to the death of 40,000 people. conor is there in the middle east newsroom. >>reporter: many of those who is died have died because the syrian air force bombed and kil
had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner scheduled a round of interviews, then, friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday, to tell his side of the story. you'll hear from boehner in a few minutes, but first here's my conversation with tim geithner about the lack of progress in steering away from that cliff. >> chris: secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> chris: i spoke with house speaker boehner just before i came over here and he says when you present your plan to him on thursday, he said you can't be serious, and, mitch mcconnell, the senate republican leader said he burst into laughter. >> they are in a tough position now and it will be -- obviously hard for them now and they are trying to figure out where they go next and we might need to give them time to figure that out, but what we did is, what you expect from us, we laid out a very detailed, carefully designed set o
in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday to tell his side of the story. you will hear from bain -- john bainner a few minutes. first my conversation with tim geithner about the lack of progress in steering away from the cliff. >> secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> i spoke with house speaker boehner before you came over here. he said when you presented your plan to him on thursday he said, "you can't be serious" and mitch mcconnell, the republican leader, said he burst into laughter. >> chris, they are in kind of a tough position now. it's obviously a little hard for them now and they are trying to figure out where they go next. we might need to give them a little bit of time to figure out where they go next. but what we did, we laid out a very detailed, carefully-designed
've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal. >> david faber's hair. >> you put them in a room. you tell them they're going to sit there until the deal is done. day three, no more food. day five, no water. day seven, the waterboarding begins. that would get it done. >> and the president should be there, too. >> the president does work five days a week. >> but not in the same room. but he is home. he's already home. >> but listen, they spend too much time raising money. if they did a good job, they wouldn't have to raise as many money. if they got paid for performance, they wouldn't have any money. >> are you going to run for linda mcmahon's seat? >>
will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings have been destroyed and the death toll stands at 133 with hundreds more still missing. >>> meantime in rain soaked seattle there are concerns about more mudslides. meteorologist karen maginnis joins us live from atlanta with the latest. they cannot get a break. >> they really can't, and f
for this country to lead. this is an opportunity for the president to lead. >> as fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for late
single day percentage loss in four years. is it still a buy? and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning, thank you. >> a lot of discussion how technically some defenders say apple is exacting exactly as it should. do you see it that way? >> technically i think the dangerous thing is this stock forms a head and shoulders and i don't know where the support comes in, somewhere in the 400s. that's a key risk to the stock. i focus on the fundamentals. it's worrisome in the near term for apple. when there's a lot behind that, the relationship with samsung the frenemy relationship has gone to enemy. also the closing competitive gap between apple and r
a deal. you've got 98% agreement on taxes. take that deal. don't go over the fiscal cliff. live to find another deal on a grand bargain. tax reform, entitlement. >> you really think democrats, they get that tax increase, that they're going to come and give spending cuts later. >> i think there are ways you can try to make it. eric's made a great point historically that things like ruddman, the spending cuts never end up happening. everyone who's realistic at the table recognizes you've got to have a balanced plan. serious cuts and revenue increases. you can't -- >> we've had 18 debt and deficit commissions since '81. the cuts never came. >> cynicism isn't a plan though, eric. we need to put forward a plan. can't just keep saying they're screwing it up. >> if you don't put cuts in though with tax increase, you've got a problem because it's easy to raise taxes on a few people. most people will not support cuts that hurt them. >> you've got to have entitlement reform. >> you can actually lower rates, close loopholes and raise revenue. >> all right. thanks to both. appreciate it. more than
, not a grand bargain, but enough to get past the fiscal cliff for six months or maybe even a year to try to get the bigger package. >> so if halperin thinks biden's going to be the definer here, i'm a little concerned because anyone who goes to costco does not care about spending money. >> it's a fascinating question. eugene robinson, i must ask you -- we love joe. joe's amazing. >> he's perfect. >> does tom cole this morning feel a bit like uriah being sent out front only to be slaughtered? yes, let's be generous, let's talk about raising taxes, though i'm one of the most conservative conservatives. let's be responsible like the media's told us to be responsible. and then the president comes out with his offer, and everybody's just staring at him. he's going to be primaried. >> well, he could be primaried. i think that's the risk he ran. i think tom cole, what he said was smart, actually, and would be smart for the republicans to take. >> yeah, if you live in georgetown. >> to take a deal with 98%. look, what the president has done is put out a sort of maximalist opening position, and the way
the recovery started. now, i'm not going to blame it all on the fiscal cliff. we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this has sort of passed by. i wouldn't say blissful ignorance, but it has not affected their behavior. you had a fairly strong set of economic numbers this fall. the housing market seems to have finally turned up after a period of obviously deep decline. and so consumer confidence, which is one of our best proxies for this kind of thing, has been turning up and really does not yet -- the fiscal cliff does not yet seem to have penetrated their consciousness. for those of us who were in stores over the holiday weekend, stores are c
the fiscal cliff, bullish last week at the auto show, gm is withholding its 2013 sales guidance because they are worrieded about what might happen if nothing happens in washington. that's it. dennis: aren't we all? thank you, jeff. tracy: 20 years ago today the first text message went oh. a simple "merry christmas" was sent by an engineer neil patworth. it was sent from a pc to a cell phone, but a bittersweet birthday as experts say these fast finger messages have hit their peak. i don't know about that. you aiming i talked about how -- dennis: replaced the phone call entirely. tracy: i voice text more than i text. dennis: that's selfish -- tracy: i talk it into the phone -- dennis: they read it to you. tracy: no, no, it's translated. dennis: oh, into text. i'm in the 1990s. you're next century. smooth talking car congressmen who want to seal the deal or congressmen who didn't get a deal done? tracy: who do americans trust the least? new poll numbers and what lou dobbs thinks about it. i want to hear about that. ♪ want to try to crack it? yeah, that's the way to dot! now we need a lit
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